SAN DIEGO, June 1, 2024 (GLOBE NEWSWIRE) — Robbins Geller Ruderman & Dodd LLP Announced that purchasers or acquirers of securities of Fastly, Inc. (NYSE: NYSE:) between February 15, 2024 and May 1, 2024, inclusive (the Class Period), must Seeking appointment as lead plaintiff by July 23, 2019 in the Fastly class action lawsuit. The Fastly class action lawsuit, titled Kula v. Fastly, Inc., No. 24-cv-03170 (Calif. NC), alleges that Fastly and certain Fastly officers violated the Securities Exchange Act of 1934.
If you have suffered significant losses and wish to serve as lead plaintiff fast CLASS ACTION, PLEASE PROVIDE YOUR INFORMATION HERE:
https://www.rgrdlaw.com/cases-fastly-inc-class-action-lawsuit-fsly.html
You can also contact a lawyer J.C. Sanchez or Jennifer N. Carringer To contact Robbins Geller, call 800/449-4900 or email info@rgrdlaw.com. lead plaintiff motion fast The class action lawsuit must be filed in court by July 23, 2024.
case charges: Rapidly operational edge cloud platform for processing, serving and protecting customer applications.
The Fastly class action lawsuit alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Contrary to Fastly’s representations to investors, Fastly was in fact experiencing its largest growth deceleration . (ii) these issues could have a material negative impact on Fastly’s revenue growth; (iii) as a result, Fastly is unlikely to meet its previously issued fiscal 2024 revenue guidance; (iv) as a result, Fastly’s financial condition and/or prospects exaggerated.
The Fastly class action lawsuit further alleges that on May 1, 2024, Fastly reported first-quarter 2024 revenue of only $133.5 million, which was $350,000 lower than consensus expectations, and lowered its fiscal 2024 revenue guidance to $555 million. to US$565 million. According to the Fastly class action lawsuit, Fastly’s stock price fell by more than 32% on this news.
lead plaintiff proceeding: The Private Securities Litigation Reform Act of 1995 allows any investor who purchased or acquired Fastly securities during the Class Period to seek appointment as lead plaintiff in a Fastly class action lawsuit. The lead plaintiff is typically the mover with the greatest financial interest in the relief sought by the putative class and is typical and adequate of the putative class. The lead plaintiff leads the Fastly class action on behalf of all other class members. Lead plaintiffs can file a Fastly class action lawsuit with the law firm of their choice. An investor’s ability to share in any potential future recovery is not dependent on serving as lead plaintiff in the Fastly class action lawsuit.
About Robbins Geller: Robbins Geller Rudman & Dowd LLP is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The firm is ranked No. 1 in the ISS Securities Class Action Services Top 50 report, recovering more than $1.75 billion for investors in 2022, ranking Robbins Geller at the top of the list for the third consecutive year. In these three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than twice the amount recovered by other plaintiff firms. With 10 offices and 200 attorneys, Robbins Geller is one of the largest plaintiffs’ law firms in the world, and the firm’s attorneys have secured many of the largest securities class action recoveries in history, including the largest ever, The amount is “$7.2 billion.” litigation. Please visit the following pages for more information:
https://www.rgrdlaw.com/services-litigation-securities-fraud.html
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touch:
Robbins Geller Ruderman & Dodd LLP
J.C. Sanchez, Jennifer N. Carringer
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
info@rgrdlaw.com
